"That's the plan. We've pretty much got [the contract] set," said Hobgood, a 6-foot-4, 245-pound right-handed pitcher from Norco High in suburban Los Angeles. "Nothing is final, but [the Orioles] presented us a deal and we'll work something out. I'll for sure sign on that Saturday."

"We don't have anything finalized yet. We're going to have to get him into town; we never sign any of these kids without a complete physical," Orioles director of amateur scouting Joe Jordan said. "We are getting close, but we have a few things to get settled first."

The recommended slot bonus for the fifth overall pick is expected to be around $2.25MM after MLB reduced their recommendations 10% across the board.